Summit Entertainment, Participant Media and Imagenation Abu Dhabi said Tuesday that they have acquired the film rights to the article, "Deepwater Horizon's Final Hours," published on Dec. 25 and written by David Barstow, David Rohde and Stephanie Saul.

Matthew Sand will write the screenplay. Talks are ongoing to have "Transformers" producer Lorenzo Di Bonaventura produce the project under his Di Bonaventura Pictures banner.

Summit, the studio behind the "Twilight" franchise, said the film will portray the heroism of Deepwater's crew and evoke the raw emotion depicted in the newspaper piece.